Wickes Group’s (WIX) Buy Rating Reaffirmed at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Wickes Group (LON:WIX) in a report released on Wednesday,Digital Look reports. They currently have a GBX 265 target price on the stock.

WIX has been the subject of several other research reports. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 278 price target on shares of Wickes Group in a research note on Tuesday, May 12th. Shore Capital Group reissued a “buy” rating and issued a GBX 280 price objective on shares of Wickes Group in a research note on Tuesday. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 250.83.

Wickes Group Stock Down 0.2%

Wickes Group stock opened at GBX 192.20 on Wednesday. The company has a debt-to-equity ratio of 551.57, a quick ratio of 0.58 and a current ratio of 1.07. The firm has a market capitalization of £422.65 million, a price-to-earnings ratio of 11.72, a price-to-earnings-growth ratio of 0.79 and a beta of 0.85. Wickes Group has a fifty-two week low of GBX 169.20 and a fifty-two week high of GBX 255. The stock’s fifty day moving average is GBX 181.37 and its two-hundred day moving average is GBX 208.55.

About Wickes Group

Wickes is one of the UK’s best known home improvement retailers. Having opened our first store in 1972 we now have 228 stores across the UK, employing 7,400 colleagues and offering products ranging from kitchens and bathrooms, to paint, tools and timber.

Wickes is a successful, growing, cash generative and profitable business, operating in the large and growing £27 billion UK Home Improvement market. Over the past few years Wickes has consistently outperformed the market, growing share and delivering a CAGR growth rate double that of the market.

At Wickes, we have a clear purpose, which is to ‘help the nation feel house proud’, and we do this by focusing on our three customer segments – Local Trade, Do-it-for-me and DIY retail.